Saxo is one of the best brokers for buying ETFs, especially compared to other retail platforms like eToro. With Saxo you can buy ETFs in local currencies like GBP, EUR and USD, whereas with eToro you are forced to buy GBP and EUR ETFs in USD (which includes FX conversion fees).
When you trade ETFs with Saxo you do so in the same was as stocks, as in you can trade ETFs directly on exchange with direct market access and buy/sell in between the bid/offer price. This is very useful for high-frequency larger investors. As it can significantly reduce costs.
Whereas with investing platforms like Hargreaves Lansdown where holding ETFs can cost as much as 0.45% of the value, the custody fee for holding ETFs with Saxo is around 0.12%. But this still isn’t as cheap as Interactive Brokers, where there is no account charge.
Saxo Markets ETF Investing Review
Name: Saxo Markets ETF Investing
Description: Saxo Markets offers trading on 6,400+ ETFs from tech, healthcare, environment and other major sectors. You’ll also get access to research on ETFs across sectors and markets, investment inspiration, live market updates, expert analysis, podcasts and webinars.
Capital at risk.
Summary
A great choice for serious ETF investors that trade on a regular basis with large portfolios..
- ETFs available:Â 6,400+
- ETF account charge: £0
- ETF dealing charge: £6
- Account types:Â GIA, ISA, SIPP, CFDs, futures & options
Fees: *Saxo Markets charges a commission based on a percentage of ETF transaction size. They are very competitive though and ETF trading commission starts at 0.1% (£100 if you buy £100,000 worth of stock) and drops to 0.05% for more active traders.
Pros
- Huge range of ETFs
- Good international access
- Low FX fees
Cons
- No tax free spread betting
-
Pricing
(4.5)
-
Market Access
(5)
-
Online Platform
(4.5)
-
Customer Service
(4)
-
Research & Analysis
(4)
Overall
4.4- Expert opinion: Saxo Markets reviewed & rated
Compare Saxo to other ETF investing platforms below:
| ETF Investment Platform | ETF Account Fee | ETF Dealing Commission | GMG Rating | More Info |
|---|---|---|---|---|
| £0 | 0.10% | Visit Platform Capital at risk |
|
 | £0 | £11.95 | Visit Platform Capital at risk |
|
 | £24 pq | £8 | Visit Platform Capital at risk |
|
 | £0 | 0.05% | Visit Platform Capital at risk |
|
 | £0 | £0 | Visit Platform Capital at risk |
|
 | £4.99 pm | £5.99 | Visit Platform Capital at risk |
|
 | 0.25% | £9.95 | Visit Platform Capital at risk |
|
 | 0.4% | £4.95 | Visit Platform Capital at risk |
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
